21 June 2007drilling scheduled▲ Good
Partner Bow says Avery will drill Hudson-1 (2,550 m, up to 11 mmbbl recoverable in one zone) in ATP 752P, spudding late August or early September. Avery holds options on two more wells before 31 January 2008.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 June 2007drilling scheduled▲ Good
Victoria confirms Hudson-1 in ATP 752P, option well exercised by Avery, a 2,550 m test with up to 11 mmbbl potential, spud expected late August. Victoria ends at 25% once all Avery options are exercised. Nora-1 awaits 3D seismic.
18 June 2007drilling result▲ Good
Donna Carlota-1 reached 1,524 m with 5.6 m of net gas pay and production casing run for testing; estimated recoverable reserve is 0.62 bcf. The rig has moved to Agavero-1. Victoria holds 20%. Repeats Sun's 18 June report.
18 June 2007drilling result▲ GoodMajor
Partner Sun Resources reports Dona Carlota-1 reached 1,524 m with 5.6 m of net gas pay in the Frio 1.33 sand; casing is run for production testing. Reserve estimate is 0.62 bcf, below the 0.8 bcf pre-drill; Victoria holds 20%. Agavero #1 is next.
7 June 2007drilling spud● Neutral
Donna Carlota-1, the first of the final three shallow Margarita gas wells, has started drilling and is setting surface casing at 116 m. Victoria holds 20%; mean potential 0.8 bcf. Program now expected to run to end of July 2007.
1 June 2007drilling progress report▼ Bad
Growler-2 is still waiting on weather at 108 m; resumption may now need a further 10 days, up from 3-4 days earlier, while the road dries. Restates Growler resource figures and management's Jurassic oil fairway claims.
1 June 2007drilling progress report● Neutral
West Florence-1 is cased with 4.5 inch production casing at 1,956 m. Log analysis continues to choose zones to test through the casing, so the well is being completed rather than abandoned; no flow result yet.
1 June 2007drilling progress report● Neutral
Fall River Resources re-releases news that West Florence-1 has 4.5 inch casing set at 1,956 m, with log analysis continuing to pick zones to test. Duplicate of Victoria's release.
30 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 total depth of 1,957 m and log analysis plan. Duplicate of Victoria's release; no new information.
29 May 2007drilling result● Neutral
West Florence-1 reached total depth of 1,957 m, shallower than the planned 2,134 m, and wireline logs were run. Hydrocarbon shows were seen while drilling; their significance is still being assessed, so no result yet.
25 May 2007drilling progress report● Neutral
West Florence-1 is at 1,781 m, nearing the Muddy J target at about 1,800 m. The participant table now shows Mountain at 25% plus a 15% private American interest, replacing the earlier 40% for Mountain; Victoria stays at 25%.
25 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,781 m. Duplicate of Victoria's release; no new information.
24 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,730 m toward 2,134 m total depth; main Muddy J target about 1,800 m is close. Routine update with no new result.
24 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,730 m. Duplicate of Victoria's release; no new information.
23 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,658 m toward 2,134 m total depth; main Muddy J target about 1,800 m. Routine update with no new result.
23 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,658 m. Duplicate of Victoria's release; no new information.
21 May 2007drilling progress report● Neutral
West Florence-1 is at 1,343 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
18 May 2007drilling spud● Neutral
Sun Resources says Agavero #1, the first of the final three shallow Margarita wells, should spud at the weekend. Victoria holds 20%; Agavero mean potential is 0.7 bcf. The program is expected to run to end August 2007; deep wells could follow late September quarter if Empyrean exercises its option.
18 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,334 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
18 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,334 m, adding wording that the 100-200 bcf gas and 15 mmbbl oil figures are prospective resources with no certainty they are present. Otherwise duplicate of Victoria's release.
17 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,306 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
15 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,237 m (as at 14 May). Duplicate of Victoria's release; no new information.
15 May 2007drilling progress report● Neutral
Growler-2 is still waiting on weather at 108 m after rain; drilling may resume in 3-4 days. Re-states earlier Growler resource figures and management's Jurassic oil fairway claims. No new result.
15 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,295 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
14 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,237 m toward 2,134 m total depth; main target about 1,800 m. Routine update with no new result.
11 May 2007drilling progress report● Neutral
Fall River Resources re-releases the West Florence-1 depth of 1,170 m. Duplicate of Victoria's release; no new information.
11 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,170 m toward 2,134 m, with the main J sandstone target at about 1,800 m. Victoria holds 25%. Routine update with no new result.
10 May 2007drilling progress report● Neutral
Fall River Resources reports West Florence-1 at 1,078 m and raises the stated oil potential to about 15 million barrels combined across three formations. Duplicate of Victoria's release.
10 May 2007drilling progress report● Neutral
West Florence-1 is drilling ahead at 1,078 m. Oil potential is now stated as about 15 million barrels cumulatively across the Pierre, Niobrara and Codell formations, alongside 100-200 bcf of gas potential, if present. Victoria holds 25%. No new result.
10 May 2007drilling spud● NeutralMajor
Growler-2, an appraisal well 705 m from the Growler-1 oil discovery, began drilling 8 May 2007 and is waiting on weather at 108 m; planned depth 1,785 m. Victoria operates with 40%. Growler P50 oil in place is 5.7 mmbbl, 1.4 mmbbl recoverable.